Your Organization Has to Borrow Some Money to Build a New

question 120

True/False

Your organization has to borrow some money to build a new factory and has two choices: 1) lenderA charges 6% compounded annually, and 2) lender B charges 5.8% compounded daily. It ischeaper to do business with lender B.

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Definitions:

Direct Approach

A method of communication in which the main point is presented at the beginning, followed by supporting details.

Positive Relationship

A connection between individuals or groups characterized by mutual respect, cooperation, and support.

Indirect Method

A strategy or approach that does not address objectives or issues directly, but instead uses a more subtle or circuitous path.

Bad News

Information that is unpleasant, disappointing, or unfavorable to the receiver.